Anti-Money Laundering Compliance Procedures
Simulated Regulatory Examinations
We take pride in our wide selection of quality services. If you need something that is not listed here, feel free to contact me and see if I can help you.
Supervisory Principal, FINOP and Regulatory Rule Change Monitoring
The number one complaint heard from Broker/Dealers was that they spent more time on compliance than they did actually generating revenue. Fundamental Compliance Consulting can supervise your registered representatives and file your focus reports. Or we can simply monitor for changes to regulatory policies and only notify you if it affects your business so that you can focus on more important things, such as actually running your business.
Liaison between you and the regulator
Want to expand your business? Fundamental Compliance Consulting can help you file a Change of Membership Application, also known as a CMA, with FINRA, adjust the procedures to ensure compliance, and provide guidance to protect your Firm from inadvertent sales practice violations.
Our team has in depth experience working both for and with the regulator and can help you navigate your cycle exam efficiently.
Guidance you can trust. Period.
Change of Membership
Pursuant to FINRA Rules and SEC requirements, irrespective of a firm's size or operational function, each firm must establish and implement a supervisory system that is tailored specifically to its business. We can assist your firm with creating, testing, modifying, and implementing WSPs that address relevant activities of your firm. We have expertise in developing and amending WSPs and Supervisory Control Procedures.
Fundamental Compliance Consulting can conduct a simulated regulatory examination (SRE) that will help ensure compliance before your next FINRA or SEC examination. The SRE will be conducted in the exact same manner in which FINRA would perform them and will allow your firm to identify, correct, and prevent non-compliance in the future. At the conclusion of the SRE, Fundamental will provide you with a confidental written report that will include a detailed summary of the reviews, findings, and recommendations to enhance your compliance program.
Written Policies and Procedures
FINRA Rules require Broker/Dealers to independently test their Anti-Money Laundering Compliance Procedures once per calendar year. As a Certified Anti-Money Laundering Compliance Specialist, I am qualified to conduct the mandatory test. I can provide AML training to your registered representatives or help the Firm draft the AML Procedures, establish a Know-your-customer program and Customer Identification Program.